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Automotive News Headlines - Yahoo! News

Automotive News Headlines - Yahoo! News
  • VW unveils multi-billion auto investments through next five years

    People pass row of Volkswagen e-Golf cars during company's annual news conference in BerlinFRANKFURT (Reuters) - Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership. Volkswagen said the bulk of the cash will flow into developing more efficient vehicles and production methods, taking its capital expenditure to between 6 and 7 percent of revenue in the period from 2015 to 2019, which analysts said amounts to a slight hike in investment spending. ...

  • U.S. lawmakers plan bill to encourage auto employees to report faulty parts

    Logo of airbag is seen on passenger seat of Honda Motor Co's renewal hybrid sedan car "Legend", which installs airbag made by Takata Corp, during unveiling event in TokyoWASHINGTON (Reuters) - Two U.S. senators plan to introduce legislation on Thursday to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said. The bill, sponsored by Republican John Thune and Democrat Bill Nelson, "is intended to incentivize whistleblowers from the automotive sector to voluntarily provide information to the U.S. ...

  • BMW China CEO sees margins narrowing, expects to beat market

    BMW badge is shown on the BMW X6M during the model's world debut at the Los Angeles Auto ShowBy Samuel Shen and Kazunori Takada GUANGZHOU China (Reuters) - BMW's China head expects profit margins to narrow as the German premium automaker steps up localization to maintain double-digit growth amid slowing demand and tougher competition in the world's biggest auto market. "Everything is normalizing in China - the market growth, the volume growth, the margin growth," said Karsten Engel, BMW's China chief executive. Engel was speaking in an interview with Reuters at the Guangzhou autoshow on Thursday. "In the coming years... ...

  • Toyota rolls out world's first mass market fuel-cell car

    Toyota Motor's fuel cell vehicle "Mirai", meaning future, is displayed in Tokyo on November 18, 2014Toyota said Tuesday it would start selling the world's first mass market fuel-cell car in Japan next month and elsewhere in 2015, in what its top executive called an industry milestone. The four-door Mirai sedan, powered by hydrogen and emitting nothing but water vapour from its tailpipe, will launch with a price tag of 6.7 million yen ($57,500) in Japan, where Toyota expects to sell 400 units next year. "We are at a turning point in the automotive industry," Toyota chief executive Akio Toyoda said in a video message on the company's website. Toyota, the world's biggest automaker, hopes to sell more than 3,000 units of the car by the end of 2017 in the United States, and up to 100 annually in Europe.

  • Ford shares poised for a rebound: Barron's

    A Ford logo is seen on the grill of a 2015 F-150 truck outside the New York Stock Exchange in the Manhattan borough of New YorkNEW YORK (Reuters) - Ford Motor shares may be in for a rebound and could climb 30 percent in a year, said Barron's financial newspaper in its edition to be published Monday. The company is likely to benefit from the release of its new F-150 truck, which has already received high marks from industry experts, it said, noting the F-series trucks bring in the bulk of Ford's automotive profit. The stock has been marked down because the company's earnings are being hit by high warranty costs, poor results in Russia and South America and lost production during the F-150 transition, the report said. ...

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